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MI area data

Beaver Island, MI

Beaver Island, MI.

Population: 732 (Census ACS)

Home values & appreciation

Median home value
$363,275
1-year appreciation
+4.4%
3-year appreciation
+17.6%
5-year appreciation
+38.3%
10-year appreciation
+73.0%
All-time peak (2026-07)
$363,275
House Price Index
387.5 (+5.5% YoY)

Market activity

New listings (monthly)
7

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
1
Elementary schools
0
Middle schools
0
High schools
0

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
coldWave

Climate (30-year normals)

Average annual temperature
45.0°F
Average high
52.0°F
Average low
37.0°F

Amenities

National parks within ~60 mi
1
Nearest national park
Sleeping Bear Dunes National Lakeshore (56 mi)
Nearest airport
Beaver Island Airport (2 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.7 kWh/m²/day)

Migration

Net migration
+48 tax filers

Housing stock

Median year housing built
1,983
Median annual property tax
$3,809
Households with broadband internet
57.7%

Employment & development

Total county employment
9,141
Average weekly wage
$1,086
Top industries (by employment)
Accommodation & Food, Construction, Administrative Services
Annual residential building permits (county)
113

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents